On-boarding

This overview is addressed to companies that aim to clear interest rate swaps, as a Disclosed Client (DC) indirectly through a Clearing Member (CM) at Eurex Clearing.

New Disclosed Client Admission Tool - an introduction

With our Admission Tool, Eurex Clearing Members can process the admission of new Disclosed Client in a transparent and efficient way. Learn more directly from our On-boarding Team (clearing.onboarding@eurex.com).

How to on-board with us

Become a Clearing Member

In order to clear your own transactions and those of your Disclosed Clients and clients that do not hold a clearing license, you must become a General Clearing Members (GCM) with EurexOTC Clear. If you are interested in joining us please contact us at FixedIncome.Sales@eurex.com.

Access for Disclosed Clients

At Eurex Clearing, we also provide a variety of options for clients to connect indirectly to our service. As a buy side client, you can participate at EurexOTC Clear by passing your transactions to a Eurex Clearing Member who clears on your behalf. You can have one or many Clearing Members and one or many executing brokers.

Access type

Basic Disclosed Client (DC)

  • To become a Disclosed Client, the legal entity must be known to Eurex Clearing
  • The primary relationship remains between the DC and the Clearing Member. Clearing Members are entitled to set their own eligibility criteria for clients
  • The client must be setup /a user of an approved trade source
  • The client can be referenced via an up to 20 character account reference (Basic DC in A-Account or FCM Client) or a 5 letter Member ID (Basic DC with Reports) Each CM relation has a one-to-one referencing (via the account ID or Member ID)
  • The client is able to request access to the Common Report Engine (CRE) to receive reports. In this case, a Reporting Id (for Basic DC in A-Account or FCM Client) or Member ID (Basic DC with Reports) will be assigned.

Basic Disclosed Client with System Access

  • To become a Disclosed Client with System Access (e.g. for the OTC Clear GUI), the entity must be known to Eurex Clearing and we conduct a KYC (Know Your Customer) assessment, during which we collect up-to-date KYC documents
  • To become a DC with System Access, the connection agreement of Eurex Clearing AG needs to be signed
  • The primary relationship remains between the DC and the Clearing Member. Clearing Members are entitled to set their own eligibility criteria for clients
  • The client can be referenced via a 5 letter ID (Member ID)
  • The Clearing Member is able to request access for them to the Common Report Engine (CRE) to receive reports. 




To test connection to the service, workflow, margin processes and reports, a simulation environment has been set up for both Clearing Members and their clients.

To get connected, the following interfaces should be in place:

  • UAT of MarkitWire (CM, DC)
  • OTC Clearing GUI (CM; post-trade functionality)
  • Derivatives Clearing GUI (CM; collateral management)
  • Common Report Engine (CM, optional DC; trade and risk reports)

To access the simulation environment, please contact us directly for further details on how to register for the service.

Contact


Eurex Clearing AG
Clearing Business Relations

Eurex Frankfurt AG | London Representative Office

T +44 20 7862 7276

FixedIncome.Sales@eurex.com